Celtic report £4.8m loss as revenue drops by 22.7%
Celtic announce a loss after tax of £4.8m for the year ending June 30, 12 months on from making a profit of £33.9m.
Celtic reported a £4.8 million after-tax loss for the fiscal year ending June 30, a sharp contrast to the £33.9 million profit they made the previous year. The financial downturn is primarily attributed to the club's inability to qualify for the Champions League last season. Revenue for the period dropped by 22.7% to £111 million, down from £143.6 million the previous year. The club's financial standing is bolstered by a cash reserve of £66.4 million.
During the 2025-26 season, Celtic experienced changes in management, with three different managers taking the helm. Brendan Rodgers left the club, followed by Wilfried Nancy after just eight games. The departure of the latter was met with disappointment. Chairman Peter Lawwell also retired in December, citing abuse and threats.
The turbulent campaign was described by interim chairman Brian Wilson, who praised Martin O'Neill and his staff for their resilience in achieving a league and Scottish Cup double. Wilson also revealed that the club spent £31.6 million in the summer transfer window, signing players such as Kasper Hogh, Camilo Duran, Mika Baur, Haissem Hassan, Joel van den Berg, and Jordan Lotomba.
The club also engaged in loan deals for Landon Emenalo, Shumaira Mheuka, Sam Johnstone, and Oliver Sorensen. The details of the proceeds from the sales of players including Daizen Maeda, Arne Engels, and Reo Hatate were not disclosed.
Celtic are set to compete in the Europa League this season following a surprise loss to LASK in the Champions League play-off. They have also been eliminated from the League Cup and their lead in the Premiership has narrowed to two points following consecutive losses to Rangers. The past twelve months have been a rollercoaster of events, marked by moments of joy and deep frustration, as highlighted by Wilson.
The departure of Brendan Rodgers was an unexpected event that caused instability. The appointment of Wilfried Nancy in mid-season, and the subsequent changes, did not yield the desired results. His dismissal was regrettable but necessary. O'Neill's return, backed by his backroom team and a strong squad of players, proved to be a successful turnaround.
Wilson emphasized the need for improved communication and supporter engagement, stating that ongoing work is being done in these areas, and the search for a permanent chairman continues.
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